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FORM 990, PART VI, SECTION C, LINE 19 PUBLIC AVAILABILITY | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
FORM 990, PART VI, SECTION A, LINE 11 PROCESS TO REVIEW FORM 990 | A TENTATIVE COPY OF FORM 990 IS PROVIDED TO THE EXECUTIVE DIRECTOR AND THE BOARD OF DIRECTORS AND IS REVIEWED FOR ACCURACY AND COMPLETENESS AND ANY CHANGES ARE SUBMITTED TO THE AUDITORS. |
FORM 990, PART VI. SECTION B, LINE 12 CONFLICT OF INTEREST POLICY | THE ORGANIZATION REQUIRES THE BOARD, DIRECTORS AND KEY EMPLOYEES TO DISCLOSE ANNUALLY ANY CONFLICTS OF INTEREST AND REVIEWS TRANSACTIONS FOR VENDORS THAT WERE DISCLOSED AS A POSSIBLE CONFLICT OF INTEREST. |
FORM 990, PART XII, LINE 2 AUDIT COMMITTEE | THE ORGANIZATION HAS AN AUDIT COMMITTEE THAT IS RESPONSIBLE FOR OVERSIGHT AND REVIEW OF THE INDEPENDENT ACCOUNTANT'S AUDITED FINANCIAL STATEMENTS. |
FORM 990, PART IV, LINE 11F | A PROVISION FOR INCOME TAXES HAS NOT BEEN INCLUDED IN THE ACCOMPANYING FINANCIAL STATEMENTS AS THE ASSOCIATION IS A NOT-FOR-PROFIT EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE (IRC). HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE ASSOCIATIONS TAX-EXEMPT PURPOSE MAY BE SUBJECT TO TAXATION AS UNRELATED BUSINESS TAXES FOR THE YEAR ENDED DECEMBER 31, 2018. THE ASSOCIATION IS INCORPORATED PURSUANT TO THE NOT-FOR-PROFIT CORPORATION LAW OF THE STATE OF NEW YORK. THE ASSOCIATION IS ALSO REGISTERED WITH THE NEW YORK STATE DEPARMENT OF LAW, CHARITIES BUREAU. THE ASSOCIATION HAS EVALUATED ANY UNCERTAIN TAX POSITIONS AND RELATED INCOME TAX CONTINGENCIES AND DETERMINED UNCERTIAN POSITIONS, IF ANY, ARE NOT MATERIAL TO THE FINANCIAL STATEMENTS, ACCORDING TO FASB ASC 740-10. PENALTIES AND INTEREST ASSESSED BY INCOME TAXING AUTHORITIES ARE INCLUDED IN OPERATING EXPENSES, IF INCURRED. THE ASSOCIATION IS NO LONGER SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES FOR THE YEARS PRIOR TO THE YEAR ENDED DECEMBER 31, 2015. |
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